No, you must make every effort to include all income in your tax return.
- However, your tax return must be "substantially correct".
- The IRS defines this as: "For individuals, a substantial understatement of tax applies if you understate your tax liability by 10% of the tax required to be shown on your tax return or $5,000, whichever is greater."
- The $8 would not generate a significant change.
If this does not completely answer your question, please contact us again and provide some additional details.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
